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Which of the following choices is INCORRECT when defining the gross income of a business? Multiple choice question. Gross income for a business may be

Which of the following choices is INCORRECT when defining the gross income of a business?

Multiple choice question.

Gross income for a business may be calculated as sales less returns and discounts.

Revenues from renting property is included in gross profit for rental businesses.

Gross income from a business includes gross profit from inventory sales.

Gross income for a service business can be calculated as income from services provided.

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